ACRES Commercial: Fourth Quarter Financial Overview

ACRES Commercial Realty Corp. Announces Fourth Quarter Results

ACRES Commercial Realty Corp. (ACR), based in Uniondale, New York, disclosed its financial performance for the fourth quarter, reporting a net income of $6.3 million.

The company indicated a net loss of $0.43 per share for the quarter. When excluding one-time gains, the adjusted loss was $0.48 per share.

During this period, the real estate investment trust generated $20 million in total revenue, with adjusted revenue amounting to $10.7 million.

For the full year, ACRES Commercial Realty achieved a profit of $28 million, translating to earnings of $0.03 per share. Annual revenue reached $33.2 million.

Since the start of the year, the company's stock price has fallen by 11%. As of the close of trading on Wednesday, shares were valued at $18.98, reflecting a decline of just over 7% over the past year.